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What is claire annettes recognized gain or loss on this sale

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Claire Annette purchased the house she lives in for $650,000 on November 1, 2012. Since then, she has spent $35,000 for an addition onto the house. Because she wants to down-size, she sells the house on August 1, 2015, for $600,000 in cash. The buyer also assumes her existing mortgage for $120,000. Claire Annette's realtor also charged her $32,000 in sales commissions.

What is Claire Annette's recognized gain or loss on this sale?

Reference no: EM131792122

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